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Tencent Music Entertainment Group (China)

Main Activities: Radio Broadcasting
Full name: Tencent Music Entertainment Group Profile Updated: March 15, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2023 Available in: English & Chinese Download a sample report

Tencent Music Entertainment Group is a company located in Hong Kong. The company was incorporated in May 1991 and is primarily engaged in the research, production, and sales of high-performance alloy materials and products, such as high-temperature alloys, precision alloys, and special stainless steel. It operates as a high-tech enterprise and is recognized as a national-level demonstration base for new industrial industries (military-civilian integration) and a key enterprise in Jiangsu Province's high-performance alloy material technology industry park. The company has established a complete production process chain for special smelting, forging, hot rolling, cold drawing, and casting, and has a relatively complete product structure including bars, wires, pipes, forgings, and castings. It has the capacity to produce over 5,000 tons of ultra-pure high-temperature alloy materials, 200 large and complex thin-walled high-temperature alloy structural components, 40,000 turbine blades for gas turbines, 150 tons of high-temperature alloys, stainless steel seamless pipes, and 2,000 tons of special welding wire annually. Tencent Music Entertainment Group is one of the few companies in China that can mass-produce deformed and cast high-temperature alloys, high-temperature alloy master alloys, and high-precision castings. The company is committed to providing high-performance alloy materials and products to high-end applications in the aerospace, shipbuilding, nuclear power, and energy industries. It has become an important supplier of ultra-pure high-temperature alloy materials for aviation engines and large complex thin-walled high-temperature alloy precision castings in China, as well as a major supplier of high-temperature alloys and stainless steel seamless pipes for aircraft and aviation engines. The company will continue to research and develop new technologies and products in the field of high-performance alloy materials, expand its product range, and explore domestic and international markets. Its goal is to become a research and production base for high-performance alloy materials and products, as well as a well-known domestic and international industry leader with independent intellectual property rights and core competitiveness.

Headquarters
17/F, Matsunichi Building, Kejizhongyi Road, Midwest District Of Hi-Tech Park, Nanshan District
Shenzhen; Guangdong; Postal Code: 518057

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Website: http://www.tencentmusic.com

Basic Information
Total Employees:
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Outstanding Shares:
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Financial Auditors:
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Incorporation Date:
2012
Key Executives
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Chairman
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President
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Chief Executive Officer
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Chief Financial Officer
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Director/Member of the Board
Ownership Details
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Subsidiaries
Guangzhou Shiyinlian Software Technology Co., Ltd.
Tencent Music (Beijing) Co., Ltd.
Tencent Music Entertainment Hong Kong Limited (Hong Kong SAR, China)
Company Performance
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Key Financial Highlights
Annual growth percentages for latest two years in local currency CNY. Absolute financial data is included in the purchased report.
Net sales revenue
-2.07%
Total operating revenue
-1.75%
Operating profit (EBIT)
36.69%
Net Profit (Loss) for the Period
35.97%
Total assets
12.73%
Total equity
16.44%
Operating Profit Margin (ROS)
5.25%
Net Profit Margin
5.26%
Return on Equity (ROE)
1.32%
Debt to Equity Ratio
-1.57%
Quick Ratio
0.23%
Cash Ratio
0.31%

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